In what will be seen as a positive move for the business, Evolution, whose parent company Everest 2020 recently went into administration, has announced that they are once again owned by original co-founder Surgit Singh.

This is the statement that was sent out to clients earlier this afternoon:

Over the past few months, we understand there has been uncertainty regarding Evolution Windows due to the UKWDG Administration in October and the recent developments with Everest 2020. We appreciate your patience and continued support during this time.

We are thrilled to share some positive news with you. The co-founder of Evolution Windows, Surgit Singh, has now purchased 100% ownership of the company. This transition marks a significant milestone for Evolution, and we are confident that it will bring stability and renewed growth to our business.

With this change in ownership, we remain dedicated to providing you with the highest quality window solutions and exceptional customer service that you have come to expect from Evolution Windows.

Thank you for your loyalty and understanding. Should you have any questions or require further information, please do not hesitate to contact us.

The Evolution Management Team

If you remember before Everest 2020 took over Evolution, it was highly anticipated that Surgit would once again take over at that time and bring stability back to the business. It was greeted at the time with great enthusiasm and approval that the original team was going to be back at the helm.

As we know, it was not to be and Everest 2020 took over until they fell into administration a few weeks ago, with the loss of hundreds of jobs. However, Surgit is now back and I think the industry, as well as clients of Evolution will once again be feeling a lot more positive about it’s future.

An official press release has been sent out via Evolution:

Surgit Singh, the owner of Aluco Aluminium Ltd and Ventiss Ltd, has today announced the acquisition of 100% share ownership of Evolution Home Improvements Ltd. Evolution, a renowned specialist in timber alternative manufacturing, is based in Biggleswade, Bedfordshire.

In recent times, Evolution was under the ownership of UK Windows and Doors Group and more recently Everest 2020 Ltd (now in administration). This marks a significant milestone as prior to this Surgit was the co-founder of Evolution in 2004 before selling the company to Masco in 2014.

Evolution is renowned for its high-quality timber alternative products. The company has earned a strong reputation for its exceptional craftsmanship and innovative designs in the window and door industry.

Taking control of Evolution once again, Surgit Singh, along with his experienced management team, aims to reclaim Evolution’s position as the market leader in the timber alternative industry. The strategic focus will be on innovation, sustainability, and fostering long-term relationships with all stakeholders, including staff, customers, and suppliers.

Partners from ReSolve, the business advisory firm, were appointed as joint administrators to Everest 2020 Limited on 24 April 2024, of which Evolution was a subsidiary. This sale by the administrators to Mr Surgit Singh secures the future of the business as well as the jobs of all its employees.

Chris Farrington, Partner at ReSolve and joint administrator to Everest 2020, commented:

“We are pleased to have completed the sale of Evolution to Mr Surgit Singh, one of the original founders of the business. We were able to move quickly, securing the future of the business and over 60 jobs. We wish Surgit and Evolution all the best for the future.”

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